On July 20, 2022, the Company repurchased 700 shares of PZN Class A common stock
at a cost per share of $6.92 in connection with its share buyback program, which was established in compliance with Rule 10b5-1 under the Exchange Act.
On July 21, 2022, the Company repurchased 302 shares of PZN Class A common stock at a cost per share of $6.86 in connection with its
share buyback program, which was established in compliance with Rule 10b5-1 under the Exchange Act.
On July 22, 2022, the Company
repurchased 1,300 shares of PZN Class A common stock at a cost per share of $6.94 in connection with its share buyback program, which was established in compliance with Rule 10b5-1 under the Exchange Act.
On July 25, 2022, the Company repurchased 2,582 shares of PZN Class A common stock at a cost per share of $6.72 in connection with
its share buyback program, which was established in compliance with Rule 10b5-1 under the Exchange Act.
On July 26, 2022, the
Company repurchased 1,324 shares of PZN Class A common stock at a cost per share of $6.56 in connection with its share buyback program, which was established in compliance with Rule 10b5-1 under the Exchange Act.
In addition, set forth below is a list of transactions involving Mr. Pzena and the Company and its affiliates:
On January 1, 2021, Mr. Pzena acquired 276,084 shares of PZN Class B common stock, and 276,084 Delayed Exchange Class B Units
(as described in our Annual Report on Form 10-K for the year ended December 31, 2021) by grant for a price of $0. These shares are beneficially owned through Pzena Investment Management, LP.
On June 3, 2021, Mr. Pzena disposed of 400,000 shares of PZN Class B common stock and 400,000 Class B Units of PIM, LLC
beneficially owned through Pzena Investment Management, LP by gift.
On September 17, 2021, Mr. Pzena disposed of 155,000 shares
of PZN Class B common stock and 155,000 Delayed Exchange Class B Units beneficially owned through Pzena Investment Management, LP by gift. This gift was made to the Richard S. Pzena 2016 Irrevocable Trust.
On January 1, 2022, Mr. Pzena acquired 418,906 shares of PZN Class B common stock and 418,906 Delayed Exchange Class B Units by
grant for a price of $0. These shares are beneficially owned through Pzena Investment Management, LP.
On March 29, 2022, Mr. Pzena
sold 779,586 shares of PZN Class B common stock and 779,586 Delayed Exchange Class B Units to the Richard S. Pzena 2016 Irrevocable Trust at a price of $5.45 per security.
The Company manages the personal funds of many of its employees, including Mr. Pzena. In addition, it manages the personal funds of some
of its employees and certain of its executive officers family members. Pursuant to the respective investment management agreements, the Company waives or reduces its regular advisory fees for these accounts and personal funds. In 2021
and 2020, the aggregate value of the advisory fees waived for Mr. Pzena and/or his family members, and related trusts, were approximately $769,506 and $525,545, respectively.
The Company offers to pay for an accountant to provide certain tax reporting and filing services for its employee members, including
Mr. Pzena. In 2021 and 2020, the Company paid approximately $131,000 and $211,500, respectively, for the preparation of these tax filings for its employee members in the aggregate for that year.
In 2021 and 2020, pursuant to the terms of the tax receivable agreement, certain of the Companys executive officers, directors or their
related trusts, including Mr. Pzena, received aggregate payments in the amount of $449,768 and $478,812, respectively.
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